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201210451 <br /> continue to pay to Lender the atnount of the sepaz•ately designated paymcnts that ware dne when the <br /> insurance coverage coaecd to l�c in effect. I,ender will accept, use and xetain fhese paymcnCs as a <br /> noii-refuudnUle loss reserve in lieu oPMorCg2gc Insw�anca Such loss reserve shall be non-refundable, <br /> notwi(listanding the i'act thaY the I.oan is ultimetely paid in full, and Londar shall not ba requirad to pay <br /> Borrowcr any intorrst or ea��nings on sucli loss reserve. Lander cau no longer requi�e loss resoive payinents <br /> if Martgnge Insurancz coverage(in Eho amount and for tlie period Ihat Lender requires)pxovided by an <br /> inaurer selectad by Lender again becomes available, is obt�nincd, and Lendar requires separataly desigvated <br /> payinents toward tlie preiniwns for Mortgage Insurence. If Lender requircd Mort�;age Ii�surauce as a <br /> condition of maldng tlie Loan and Borrower was required to mctke separalely designated payments toward the <br /> prcmiinns for Mortgage]nsuaance, Rorrower sha11 pay tlie premituns required to mainti�in Mortgage <br /> Inewonce in effect, or to provide a non-iefimdnble losa reserv�, imtil Lendc�'s requiremeut for Mortgage <br /> fnsm'ance ends in accordance wiffi any writiCen agreement between Borrower nncl Lender providing for sucU <br /> terniination oc until fem�inatioii is rcqurred Uy ApplicaU1e Law. Notl�ing in this SeeYion 10 affeets <br /> Borrower'e obligntion Eo pay intexest at the rate pxovided in bhe Notc. <br /> Mortgage Tttsurnnce reimburaes Lender (or Rny enrity that purchasee tho Note) for oertau�losses it may incur <br /> if Borrower does not repay the Loan as agreed. Borrower is not a pprty[o the Martgage Insurancc. <br /> Mortgage ineurers evaluate their total risk on flll such insiirnnce r�i force from timc fo timc, aud�nay enter <br /> inCo agreeinents wiCh oYher pacties that share or modify their risk, ar reduce losses. These agrecincnts are on <br /> terms and conditions that are satisfactory to Uie niortgage insurer�nd the other party(or pnrties) to thesc <br /> agrcc^�ncnt�, 1'hcsc;agrcomonts tnay rcc�uirc tl�c mortguge insm�er to malce payments using any sotu•ce o£funds <br /> tliat the martg�ge instirer inny have availnble(wbioh may include fitnds obtaiiled from Mortgage Instu�ance <br /> preiniums). <br /> As a resulY oP Phesa agreements, Lender, any pwchaser of the Note, another insuror, r�ny roinsuror, any other <br /> e�rtify, or any affiliate of any oF the foregouig, ivay receive(directly or inc&rectly) amounts that dexive fi�om <br /> (or inighC 6e charac(erized as) a porlion of Borrowcr's��aytncnts For Mortgage Insurance, in exchazige f'or <br /> shnriug or modifying the morCgage ineurer's risk, ox reducing lossee. If such agecemcnt providea tlrat an <br /> a£tiliate of Lender takes a share of'tlie insurer's risk iu exchauge for a ehAre of the premiuma paid w Clic; <br /> insurer, the arr�uigement is often termed"captive reinsueance.° Further: <br /> (a) Any sach agreeinents will not affeeC the amonnts that Rorivwar lias ngrccd to pny for Mortgage <br /> L�surance, or any other terme of 6�he Loa�� SucL agreen��enl;c�vill not.inorexse the a�mo�mt <br /> Borrowor will owo for Mortgagc InsnrAnce, and they will nok entitle Borrower co auy refnnti. <br /> (b) Any such ngrcemcnts will nok affcct tl�c rights BorroFver lias -if any-with respec[ Lo the <br /> Mortgage Lnsurance under the Homeow�iers Protection Act of 199&or eny otlim�law. Tl�esc righke <br /> mAy inclnde tlie riglit ko receive certain disclosm•es, Co reqae�C and obtain cancellatim� aY Pl�e <br /> Mortgage Ins�u•nnco, to havc tltc Mortgagc Insnrance terminaCed antomatically, and/or Co receive <br /> x refund of xny Nlort�nge Ins�u•x��ce preminms f�xt were m�cai��ed nE t6o time of ancl� <br /> cancellaWon or Cerrr�ination. <br /> 11. Assignment of M iscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds nre hereUy�ssigned tu <br /> and ehall bc paid fio Lcnder. <br /> If the Prcrpertg is darnagcd, nuch Ivlisce11nneous Yrocecds shall l�e applied to restoi•ation or repair of the <br /> Property, i£tlie restorntion or repair is eeonomicnlly feasible and Lender's security is nc�t 1essened. Dm ing <br /> such repair and restoration perioci, Lendar shali l�ve fl�e i ighY to hold such Miscellaneous Pinceeds unfil <br /> Lcndci�has l�aid an opporhmity b� inspecf such Vroperty to ensure the worlc has Ueen completed to Lender's <br /> zaooz�as <br /> NEBRA SKA�Single Famlly-Fannle M ae/Fretldle Ah ec UNIFORM INSTRUM ENT Porm 3028 1I01 <br /> Vbl P� VM P6(NE)(7105I <br /> Wolters Kluwer Flnenclel5ervlces Page 9 af 17 <br />